Offering effective working capital options for Hotel & Hospitality Industry
Successful entrepreneurship is difficult in any industry, to be sure, but can be especially so in the hospitality industry. Changes in seasonal and economic climates greatly affect tourism and travel patterns, so the external factors you face are more impactful than in other industries. When dealing with those conditions, you simply cannot afford the expensive, time-consuming process presented by a traditional bank loan.
Obtaining a revenue advance, though, can be the security measure you need to remove the uncertainty those external factors bring about – and ensure that your business has a consistent trend of growth and revenue.
Hotel & Hospitality FAQs
Answer: At Platform Funding, we have been providing financing to the hotel and hospitality industry for many years. Contact us to learn more about eligibility requirements, rates and everything else you need to know about your business loan.
Answer: Yes, businesses in the hospitality industry have many types of financing available to them. From classic business loans to equipment leasing options, there will surely be an option that is right for your business. One of Platform Funding’s financing experts can help you find the best solution for your specific needs.
Answer: It is definitely possible to lease hotel equipment. Check out our Equipment Leasing page and learn more about the options available to your business.
Answer: You can use your hotel business loan to hire new employees, buy new equipment, build extra rooms, and many other expenses. Contact one of Platform Funding’s financing experts if you have specific questions about what you can use the funds for.
Answer: Minimal eligibility requirements for hospitality business funding include having been in business for more than 6 months, providing us with your last 3 bank statements, and making an average monthly revenue of at least $12,500. If you have any questions about your eligibility for a loan or other financing options, contact us today and we will be happy to help you.
Answer: Our application process is very straightforward and we can usually provide you with the capital you need in as little as 48 hours. Contact one of our funding experts today to get started on the process.
Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.
